125 Stinard
Two - 3 Bedroom Apartments & One Studio Apartment
Premier Property / Good Neighborhood
All Newly Renovated within the last 3 years
Our Family Trust originally selected Syracuse because of the extremely high demand for rental property. Now that we have taken the best advantage of our tax benefits it is time to pass this property on and start depreciating another property. We will either trade with another investor for a property OR we would be willing to consider very advantageous financing options for the right buyer.
125 Stinnard, Syracuse, NY
This is a great 2-3 unit property in a nice area of single family and duplex homes. If you are looking for a cheap junker property, this is not it! This is a quality rental property in a very nice area. There are 2 -3 bedroom apartments. Very nice sized rooms, dining room and living room and eat in kitchen. These apartments are around 1200 sq ft a piece. The 3rd apartments is a 1 bedroom, loft style mother in law suite, and about 800 sq ft. The third level apt. is currently rented with the 2nd floor making a 4bedroom option.
The home was recently renovated. We put over $35,000 into
this property in the last year. There is a brand new steel roof, updated all the
plumbing and electrical, heating, and much more. The interior and each
apartment is freshly painted, all kitchen and bathrooms are
completely updated. All apartments are rented and property is
turn-key. All utilities are separate, tenants are responsible for heat
and electric. We do pay for the water.
The property is currently netting about $1200.00 +/- each month after paying the management fees taxes and water. Zillow has this property valued at $125,000+ and that estimate has been fairly consistent for the last couple of years, even as other properties in upstate NY fell a bit.
Our Family Trust originally selected Syracuse because of the extremely high demand for rental property. Now that we have taken the best advantage of our tax benefits it is time to pass this property on and start depreciating another property. We will either trade with another investor for a property OR we would be willing to consider very advantageous financing options for the right buyer.
This is a great 2-3 unit property in a nice area of single family and duplex homes. If you are looking for a cheap junker property, this is not it! This is a quality rental property in a very nice area. There are 2 -3 bedroom apartments. Very nice sized rooms, dining room and living room and eat in kitchen. These apartments are around 1200 sq ft a piece. The 3rd apartments is a 1 bedroom, loft style mother in law suite, and about 800 sq ft. The third level apt. is currently rented with the 2nd floor making a 4bedroom option.
The property is currently netting about $1200.00 +/- each month after paying the management fees taxes and water. Zillow has this property valued at $125,000+ and that estimate has been fairly consistent for the last couple of years, even as other properties in upstate NY fell a bit.
Kitchen in First Floor Unit
Kitchen in Second Floor Unit
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